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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Sun Life Financial Inc    SLF   CA8667961053

SUN LIFE FINANCIAL INC (SLF)
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Sun Life Financial Inc. : Announces Conclusion of Third Party Share Repurchase Program

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03/08/2018 | 08:30pm CEST

By a News Reporter-Staff News Editor at Insurance Weekly News -- Sun Life Financial Inc. ("Sun Life Financial" or the "Company") (TSX: SLF) (NYSE: SLF) announced the conclusion of its previously announced third party share repurchase program (the "Program"). The Program was commenced pursuant to an issuer bid exemption order issued by the Ontario Securities Commission on February 12, 2018. The Program was terminated by the third party in accordance with its terms.

Sun Life Financial repurchased a total of 1,080,000 common shares under the Program directly from the third party for an aggregate purchase price of approximately $55.7 million. All common shares acquired under the Program were cancelled. The Program formed part of Sun Life Financial's normal course issuer bid, which continues until August 13, 2018, or such earlier date that the Company completes its purchases.

Keywords for this news article include: Business, Investing, Financial Companies, Sun Life Financial Inc, Life Insurance Companies.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2018, NewsRx LLC

(c) 2018 NewsRx LLC, source Business Newsletters

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Financials (CAD)
Sales 2018 28 314 M
EBIT 2018 2 803 M
Net income 2018 2 780 M
Debt 2018 -
Yield 2018 3,62%
P/E ratio 2018 11,54
P/E ratio 2019 10,63
Capi. / Sales 2018 1,12x
Capi. / Sales 2019 1,03x
Capitalization 31 777 M
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Technical analysis trends SUN LIFE FINANCIAL INC
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 59,2  CAD
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Dean A. Connor President & Chief Operating Officer & Director
Jacques Goulet President-Sun Life Financial Canada
William D. Anderson Chairman
Kevin D. Strain Chief Financial Officer & Executive Vice President
Mark S. Saunders Chief Information Officer & Executive VP
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